Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 665 · 40 questions

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

1. 1.Lakshmi makes 9 potted plants at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
2. 2.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
7. 7.One jute bag costs Dev ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
8. 8.One jute bag costs Arjun ₹40 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
10. 10.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
12. 12.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
14. 14.True or false: “what you paid for it” is the selling price. (a) True (b) False
15. 15.It costs ₹42 to make one paper bookmark. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
16. 16.One paper bookmark costs ₹44 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
17. 17.True or false: “what a customer pays” is the selling price. (a) True (b) False
18. 18.It costs ₹9 to make one handmade card. Vihaan sells it for ₹11. What is the profit on one (in ₹)?
19. 19.One glass of chai costs ₹5 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
20. 20.It costs ₹53 to make one clay diya. Nisha sells it for ₹54. What is the profit on one (in ₹)?
21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
22. 22.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
23. 23.It costs ₹21 to make one fruit cup. On the last day Farhan sells it for only ₹12. How much is the loss on one (in ₹)?
24. 24.It costs ₹12 to make one bag of popcorn. Nisha sells it for ₹25. What is the profit on one (in ₹)?
25. 25.Zoya makes 27 glasses of chai at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
26. 26.It costs ₹52 to make one potted plant. Kabir sells it for ₹69. What is the profit on one (in ₹)?
27. 27.It costs ₹25 to make one jute bag. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
28. 28.It costs ₹5 to make one cupcake. Meera sells it for ₹7. What is the profit on one (in ₹)?
29. 29.One cupcake costs Vihaan ₹39 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
30. 30.Nisha makes 22 potted plants at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
32. 32.One paper bookmark costs Tara ₹54 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
33. 33.It costs ₹44 to make one paper bookmark. Joseph sells it for ₹51. What is the profit on one (in ₹)?
34. 34.It costs ₹20 to make one potted plant. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
35. 35.It costs ₹14 to make one painted pebble. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
36. 36.Tara makes 29 clay diyas at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
37. 37.True or false: “what a customer pays” is the cost price. (a) True (b) False
38. 38.One clay diya costs ₹20 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
39. 39.One glass of chai costs ₹59 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
40. 40.One handmade card costs Lakshmi ₹60 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids